SAERTEX takes over shares of Devold

News Item
From: CompositesWorld

Posted on:2/24/2014

The German non-crimp fabric manufacturer continues its expansion.

The SAERTEX Group (Saerbeck, Germany and Huntersville, N.C.) continues to expand, and on February 12 announced that is took over all shares in Devold from Hexagon Composites (Ålesund, Norway) on January 30. Devold, like SAERTEX, produces non crimp fabrics of glass fiber, carbon fiber and aramid fiber. These reinforcing textiles are used primarily in the wind energy industry, in ship- and boat-building, in the transport industry and in the automobile and aviation industries to make plastic reinforced components, also known as composites, and increasingly to replace heavy materials such as steel or concrete.

Devold has production locations in Lithuania and the U.S. The wind energy industry there is a key market that Devold will continue to serve independently.

“Taking over Devold enables us to expand our market position further” Bruno Lammers, managing partner in the SAERTEX Group, commented.